Tax Audit Fundamentals



£99 inc VAT
Or £33.00/mo. for 3 months... Read more
Study method
Online, self-paced
Access to content
Lifetime access
No formal qualification
Additional info
  • Certificate of completion available and is included in the price

1 student purchased this course

Add to basket or enquire


Tax Audit Basics

  • Verifiable CERTIFICATION
  • Accelerate YOUR CAREER
  • Lifetime Access 24*7 Unlimited Access
  • Access through any device
  • Technical support
  • Mobile App Access

In this course we will teach you about tax audit terms and concepts. So by the end of the course understanding the tax audit terms will become a familiar process, may be even fun, like it is for me like doing a piece puzzle.


Tax Audit Basics

Do you feel puzzled and confused just thinking about paying taxes? Or are the Tax terms making you go crazy? Don’t worry we are here to make it all simple for you.

In this course we will teach you about tax audit terms and concepts. So by the end of the course understanding the tax audit terms will become a familiar process, may be even fun, like it is for me like doing a piece puzzle.
So let’s understand first What is Tax Audit?

The main meaning of the term audit is check, review, inspection. There are many types of audits which are given under different laws like company law requires a company audit, cost accounting law requires a cost audit. For example if we try to look at the Income-tax Law, it basically requires the taxpayer to get the audit of the accounts of his business/profession from the view point of Income-tax Law.

Section under the Act gives the provisions relating to the class of taxpayers who are required to get their accounts audited from a chartered accountant. The audit under this section aims to ascertain the compliance of various provisions of the Income-tax Law and the fulfillment of other requirements of the Income-tax Law. The audit conducted by the chartered accountant of the accounts of the taxpayer in pursuance of the requirement of section is called tax audit.

There is a main role which is played by the chartered accountant conducting the tax audit, as he is required to give his findings, observation, etc., in the form of audit report. The report of tax audit is to be given by the chartered accountant in a Form.

One of the objectives of tax audit is to determine/develop/report the necessities of Form. Apart from reporting requirements of Form, a proper audit for tax purposes would ensure that the books of account and other records are properly maintained, that they faithfully reflect the income of the taxpayer and claims for deduction are correctly made by him. Such types of audits are highly useful as they help in checking fraudulent practices. Tax Audit can also simplify the administration of tax laws by a proper presentation of accounts before the tax authorities and considerably save the time of Assessing Officers in carrying out routine verifications, like checking correctness of totals and verifying whether purchases and sales are properly vouched for or not. The time of the Assessing Officers saved could be utilized for attending to more important and investigational aspects of a case.

The main objective of the course on Tax Audit is:

– To learn the Tax Jargons
– Understand why Tax is levied
– Understand the concept of tax Preparation

Who is this course for?

– This course will be useful for Tax Payers
– Students who wish get to learn concepts of Tax Audit
– Professionals


– Knowledge of basic tax concepts
– You will need your device to watch videos and read text (a desktop computer, or a laptop, or a smart phone), a note pad to take notes and ear phones (just for your convenience)

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.


Currently there are no reviews for this course. Be the first to leave a review.


What does study method mean?

Study method describes the format in which the course will be delivered. At courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.


Mobile Navigation